Everest Color Limited is set to open its Initial Public Offering (IPO) in the first phase for Nepali citizens working abroad from Baisakh 16, 2083. The company received approval from the Securities Board of Nepal (SEBON) to issue 26.33 percent of its total issued capital, equivalent to Rs. 7.90 crore worth 790,000 shares, out of its total issued capital of Rs. 30 crore.
As per the approved structure, 10 percent of the total issue—amounting to 79,000 shares—has been allocated specifically for Nepali workers who are currently employed abroad with valid labor permits.
Eligible investors can apply for a minimum of 10 shares and up to a maximum of 7,000 shares. The application window for foreign-employed Nepalis will remain open until Baisakh 22, 2083.
Muktinath Capital Limited has been appointed as the issue and sales manager for the IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
